News - Market Insights

Chalice Gold Mines shares reached new heights after drilling defined a new platinum group element-copper-gold horizon at the Julimar discovery, northeast of Perth (reports MiningNews).

Chalice Gold Mines shares reached new heights after drilling defined a new platinum group element-copper-gold horizon at the Julimar discovery, northeast of Perth (reports MiningNews).

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Bellevue Gold (ASX:BGL) could be on track for a significant resource upgrade after discovering a new high-grade gold lode at its namesake project in Western Australia (reports Stockhead).

Bellevue Gold (ASX:BGL) could be on track for a significant resource upgrade after discovering a new high-grade gold lode at its namesake project in Western Australia (reports Stockhead). The new Armand lode has been defined over a 450m strike that remains open to the north, down-dip and down-plunge by drilling that returned high-grade hits such as 1.9m at 58 grams per tonne (g/t) gold from 380.5m and 3.7m at 26.2g/t gold from 372.3m.

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It will not be drilled until the first half of next year but Mincor Resources is very excited about getting the opportunity to explore ground it believes is about as prospective as it gets in the hugely historically prolific Kambalda nickel belt

It will not be drilled until the first half of next year but Mincor Resources is very excited about getting the opportunity to explore ground it believes is about as prospective as it gets in the hugely historically prolific Kambalda nickel belt (reports MiningNews). The ground lies between the Durkin North and Long resources at Kambalda, with Mincor hopeful mineralisation may be continuous over the circa 1.1km between the two deposits.

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9th October 2020

Strandline Resources has made key strides in its developments for its Fungoni mineral sands projects, and its longer life Tajiri project in Tanzania (reports MiningNews).

Strandline Resources has made key strides in its developments for its Fungoni mineral sands projects, and its longer life Tajiri project in Tanzania (reports MiningNews). A scoping study for the titanium-dominated resource at Tajiri has indicated a low-cost operation that should generate strong financial returns, with a pre-tax net present value of US$205 million and an internal rate of return of 36%. The engineering study used a resource of 268 million tonnes at 3.3% total heavy minerals, with mining targeted at 8Mtpa, targeting around 185Mt of the deposit.

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There is a natural inclination to think that in a nil premium scrip merger, one set of shareholders – usually the smaller of the two - is being done over (writes Barry FitzGerald on MiningNews).

There is a natural inclination to think that in a nil premium scrip merger, one set of shareholders – usually the smaller of the two - is being done over (writes Barry FitzGerald on MiningNews). To placate the unhappy, the merging entities point to the re-rating to come from the marriage because of its "compelling" logic, and because it comes with a bagful of synergy benefits to be shared by all. The problems with that is while the claimed synergy benefits can be quantified to a degree, the timing and scale of the promised re-rating cannot.

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Ahhh…to have punted a spare A$10,000 back in 2010 on the then fledging gold producer Northern Star (writes Barry FitzGerald on MiningNews).

Ahhh…to have punted a spare A$10,000 back in 2010 on the then fledging gold producer Northern Star (writes Barry FitzGerald on MiningNews). The initial outlay would now be worth more than $1 million thanks to a total shareholder return (TSR) over the journey of some 11,000%. The maths comes from Bill Beament, Northern Star's executive chairman, speaking at the group's recent (virtual) annual strategy day.

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Bellevue Gold says the latest high-grade gold results from its namesake project in Western Australia pave the way for an upgrade of the indicated resource (reports MiningNews).

Bellevue Gold says the latest high-grade gold results from its namesake project in Western Australia pave the way for an upgrade of the indicated resource (reports MiningNews). Step-out drilling up to 200m along strike on the Deacon lode hit mineralisation in previously untested locations in the central and northern areas. Results included 9.3m at 5.8 grams per tonne gold from 757.3m; 1.4m at 63.2gpt gold from 434.9m; and 3.5m at 10.6gpt gold from 387.5m.

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Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year (reports Bloomberg).

Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year (reports Bloomberg). Citigroup sees demand from the official sector rising to about 450 tonnes after a drop to 375t this year, which would be the lowest in a decade. HSBC Securities (USA) expects a slight up-tick to 400t from an estimated 390t in 2020, potentially the second-lowest amount in 10 years.

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